Lattice Semiconductor (LSCC) saw its stock soar 12.14% in Tuesday's intraday trading, building on a 5.17% pre-market gain. The surge comes as multiple analyst firms reaffirmed their bullish stance on the company, citing its strong position in the rapidly growing AI sector.
Several prominent Wall Street firms maintained their Buy ratings on Lattice Semiconductor. Rosenblatt Securities reiterated its Buy rating with a price target of $72, while KeyBanc and TD Cowen also kept their Buy ratings. Despite TD Cowen lowering its target price to $57 from $62, the overall sentiment remained positive. Additionally, BofA Global Research raised its price objective to $52 from $50, further boosting investor confidence.
Analysts highlighted Lattice Semiconductor's strong AI growth and strategic positioning as key factors driving their optimistic outlook. Robert W. Baird analyst Tristan Gerra specifically pointed out the company's potential in the AI market. The combination of favorable analyst ratings and Lattice's promising position in the booming AI sector appears to be fueling investor enthusiasm, resulting in the significant price surge.
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